Time Warner
Headquarters: One Time Warner Center
New York, NY 10019
Phone: 212-484-8000
Employees: 34,000
CEO: Jeff Bewkes
Stock Symbol: TWX
Website: http://www.timewarner.com
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Time Warner is the nation's largest media company with a major presence in TV, movies and magazines.
Time Inc. - The largest magazine publisher in the U.S. and leading publisher in U.K. and Mexico. Some of its 21 U.S. titles include: Time, People, Sports Illustrated, Fortune, In Style, Entertainment Weekly.
Home Box Office - Leading pay-cable channels HBO and Cinemax with over 80 million subscribers worldwide and features exclusive programming.
Turner Broadcasting System - Operates TNT, TBS, CNN, HLN, Tru TV, Turner Classic Movies, Adult Swim and Cartoon Network cable channels.
Warner Bros. - Produces movies, television shows and operates the CW Network in partnership with CBS Corp.
Highlights of Warner Bros. Studio's 2011 feature film slate include Harry Potter and the Deathly Hallows: Part 2, Sherlock Holmes: A Game of Shadows, Crazy, Stupid, Love., Horrible Bosses, Extremely Loud & Incredibly Close., Happy Feet 2 and The Hangover 2.
The Studio's 2011-12 primetime TV series include The Big Bang Theory, The Mentalist, Mike & Molly, Two and a Half Men, Person of Interest and Two Broke Girls for CBS; The Vampire Diaries, Gossip Girl, Supernatural, One Tree Hill, Nikita, Secret Circle, Hart of Dixie and Ringer for The CW; Fringe, Alcatraz and I Hate My Teenage Daughter for FOX; Chuck, The Voice, Harry's Law, Who Do You Think You Are? and Are You There Vodka? It's Me Chelsea for NBC; The Bachelor franchise, The Middle, Suburgatory and Work It for ABC; The Closer, Rizzoli & Isles, Southland and Memphis Beat for TNT; Shameless for Showtime; Pretty Little Liars and Lying Game for ABC Family; and Childrens Hospital for Adult Swim. Telepictures Productions -- the creative force behind such syndicated series as The Ellen DeGeneres Show, Extra, Anderson and TMZ -- produces first-run series for syndication. Warner Bros. Animation produces MAD, Young Justice, Green Lantern and Scooby-Doo Mystery Inc. for Cartoon Network. WBTVG is also a 50/50 partner with CBS in The CW Television Network.
Time Warner Internet properties includes gossip site TMZ.com, TheSmokingGun.com and FanNation.com.
In 2011, the company reported revenues of $29.0 billion, a 9% increase. Net income was $2.9 billion.
History
The history of the company originates to Briton Hadden and Henry Luce, who co-founded Time Magazine in 1923 as the first weekly newsmagazine. Luce was an influential figure who became editor and business manager of the magazine. He would go on to acquire Fortune magazine in 1930, Life magazine in 1936 and launched Sports Illustrated in 1954.
Time Warner was created with the merger of Time Inc. with Warner Communications in 1990. The company would acquired Turner Communications in 1996 which operated cable news channel CNN and was owned by Ted Turner.
In 2001, America Online acquired Time Warner to become the world's largest media company. The new firm was named AOL Time Warner. However, accounting scandals at AOL and the Internet crash sent shares tumbling, making the merger one of the all-time worst corporate deals.
AOL's peak membership was 26 million around 2002 and has dropped since as customers find alternative Web services and high-speed connections. The company decided to drop the AOL name in 2004 and become Time Warner again.
The company opened its headquarters building at Columbus Circle in 2004. The 2.8 million-square-foot complex features offices, stores, restaurants and a Mandarin Oriental hotel.
In December 2009, the company spun off struggling AOL as a separate publicly-traded company. The original Time Warner-AOL merger has been widely criticized as the worst corporate merger ever.
Time Warner Cable, which provides cable TV and Internet service, was spun off as a separately traded company in March 2009.
Benefits
At Time Warner, we offer a comprehensive benefits package to our employees. Our health, welfare and financial benefits are designed to meet the diverse needs and preferences of our employees. We offer healthcare choices to our employees and their families, including domestic partners, which provide access to a broad array of providers while giving employees tools to make informed decisions about their care. Our disability, life and long-term care benefits help to protect our employees from the financial consequences of illness, accident or death. Financial plans are offered to help our employees with their income replacement needs when they retire. We continually review our benefit plans to ensure they are competitive, affordable and appreciated by our employees.
Health and Wellness Programs
Time Warner invests in services and education to keep our employees healthy. All Time Warner businesses offer access to employee assistance and mental health programs. Our offerings include programs for pregnant women, cash reimbursement for wellness activities, onsite fitness centers and onsite health services. We also provide information to our employees about health and wellness through seminars and awareness campaigns.
Flexible Work Arrangements
At some of our divisions, employees partner with their managers to develop flexible work arrangement schedules. The purpose of these schedules is to enable employees increased flexibility in how, when, and where they get their work done and to increase employee satisfaction and decrease unwanted turnover.
Dependent Care
We understand that employees have a range of responsibilities outside of the workplace. Our employee assistance programs, therefore, take an inclusive approach in defining an employee’s “dependent” as someone who relies on the employee for financial or emotional well-being, even if this person is not a member of the employee’s immediate family.
Child Care Options
All large campus divisions of Time Warner provide onsite child care, and a back up care center is provided in New York City for employees' use when their regular child care is unavailable.
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